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SMCI

Super Micro Computer, Inc.Close $32.94EOD only

Max Pain

$36.00

Next expiry Oct 30, 2026

Expected Move

±$2.78

8.4% from close

Price Gap

+3.06

Distance to max pain

IV Rank

Low premium

P/C OI

0.77

Slightly call-heavy

Consensus

5.5/10

Range bias

Published snapshot: Oct 23, 2026 close

End-of-day snapshot

This page reflects SMCI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Oct 23, 2026 close

SMCI Flow Report

Analysis based on market close June 10, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from June 10, 2026. A newer flow report is available for June 29, 2026.

View latest report

Flow Verdict

Confidence:

4 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -1 spot 27.7% from MP

Watch next session: $30; $35

Flow Summary

Net premium: -$54.7M bearish

P/C volume ratio: 0.59

P/C OI ratio: 0.78

Heavy put buying dominates flow, net premium deeply negative. Spot 27.7% below MP, with high vol. Positive gamma provides some support, but bearish bias persists.

Notable Prints

SMCI 2026-06-12 $32.50 Call

Vol: 9,982

OI: 218

Vol/OI: 45.8x

IV: 152.3%

Notional: ~$559K

Intent: Speculation

Read-through: Bullish

SMCI 2026-06-18 $33.50 Call

Vol: 4,030

OI: 115

Vol/OI: 35.0x

IV: 115.4%

Notional: ~$294K

Intent: Speculation

Read-through: Bullish

SMCI 2026-06-12 $30.00 Put

Vol: 15,333

OI: 459

Vol/OI: 33.4x

IV: 78.9%

Notional: ~$2.9M

Intent: Hedge

Read-through: Bearish

SMCI 2026-06-12 $31.00 Put

Vol: 5,173

OI: 161

Vol/OI: 32.1x

IV: 111.9%

Notional: ~$1.3M

Intent: Hedge

Read-through: Bearish

SMCI 2026-06-12 $35.50 Put

Vol: 3,126

OI: 104

Vol/OI: 30.1x

IV: 116.4%

Notional: ~$1.9M

Intent: Hedge

Read-through: Bearish

Institutional Positioning

Call additions: Calls at $32.5 weekly and $33.5 next week, vol/OI >20

Put additions: Puts at $30,$31,$32,$34,$35.5 weekly, vol/OI 22-33

GEX/DEX consistency: Positive GEX $6.5M but net premium -$54.7M and put flow dominant

OI clusters: $32 put (545), $30 put (459), $34 put (373)

Hedging evidence: Puts across 30-35.5 suggest hedging or bearish bets

Max pain context: Spot ~27.7% below MP; gamma pinning near spot

Signal vs Noise

~Signal: Heavy put buying near the money despite positive GEX.

~Signal: Net premium negative indicates bearish flow.

~Noise: Mixed regime with both call and put unusual prints.

Key Conclusions

⚠️Heavy put accumulation at 30-32 suggests downside hedging despite positive gamma.

📈Call buying at $32.5/$33.5 shows upside bets but lower volume.

How to Use These Reports

This flow reflects the market close on June 10, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.